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. >>> president obama's proposed bunt for 2012 calls for a 45 'em decrease in the small business administrati administration. it remains to be seen how it could affect small business owners seeking sba-backed loans. so in this week's where's the money we want to look at other funding alternatives. mitch jacobs is the ceo of on deck capital, unable to qualify for traditional loans. great to see you. >> thanks for having me. >> i want to split this into chunks. >> okay. >> so if you are a business and you're pretty small. you have less than $150,000 in revenue, where do you say you should go? >> this is a category of businesses that they're just getting off the ground and they've got some revenue and customers. they should look at community development, financial institutions, cdfis. these are organizations that have the time and the people to spend a lot of time developing the business plan and doing the things necessary for someone who's at that stage of developing their business and their big loan and capital to grow their business it's not just money. it's also consults. >> yeah. there's a
's actually happening. when the obama administration came in, it was a priority to get this program put in place. we're excited finally there will be an opportunity for women-owned small businesses to participate. we want to make it as easy as possible. on our website, we've outlined five steps for people to get involved in this process. >> what are the biggest industries? >> there's a number of industries available for women to participate. and it ranges from everything from metal manufacturing to janitorial services to interior design to catering. so there's everything that you can think of. so what we're really hoping is that anyone who plays in these industries gets involved and learns about the program and gets themselves certified to participate. >> and what's the range of the contract? how big are they? >> so the contracts can be up to $5 million for manufacturing contracts or up to $3 million for nonmanufacturing. and no limit on how many set asides can be done for this program. we're hoping this will bring billions of dollars to women-owned small businesses. >> thanks so much f
and center during president obama's state of the union address. the president spoke about small business owners' concerns for the future, their perseverance in a troubled economy and their pursuit of innovation. that foam cuss was emphasized by the attendance of a number of small business owners, some of whom the president cited in his speech. >> robert and gary allen are brothers who run a small michigan roofing company. after september 11th they volunteered their best roofers to help repair the pentagon. but half of their factory went unused. the recession hit them hard. today with the help of a government loan, that empty space is being used to manufacture solar shingles that are being sold all across the country. in robert's words, we reinvented ourselves. >> the president also spoke about fixing the part of his health care bill that he says is placing book keeping burdens on small businesses. senator mary landrieu, a democrat from louisiana is chair of the senate small business committee who spearheaded the small business innovation and research program. she joins us today. hi, sena
business? booming is taking care of your business by taking care of your employees. >>> president obama's proposed budget for 2012 calls for a 45% decrease in funding for the small business administration. it remains to be seen how that move could affect the credit for small business owners seeking sba-backed loans. in this week's "where's the money," we want to look at other funding alternatives based on how big your business is and how much capital you need. mitch jacobs is the ceo of on debt capital, a financing network for small businesses unable to qualify for traditional loans. great to see you, thanks for joining us. >> thanks for having me. >> i want to split this into chunks. if are you a business and you're pretty small, you have less than $150,000 in revenue, where do you say you should go? >> this is a category of businesses that are either just getting off the ground and they've got some revenue, they've got customers. they should look at community development, financial institutions, cdfis, these are organizations that have the time and the people to spend a lot of time de
. when the obama administration came it it was a program to get the program into place. we're excited that finally there will be an opportunity for women of small businesses to participate. we have outlined these steps. we want to make it as easy as possible. again, we outline five steps for people to get involved in this program. >> what are the biggest industries? >> so there's a number of different industries. there's over 300 industries that are available for women to participate. it ranges to everything from metal manufacturing to janitorial services to interior design to catering. there's everything you can think of. what we're hoping is everyone who plays in these industries gets involved and learns about the program and gets themselves certified to participate. >> what's the range of the contract? how big are they? >> the contracts can be up to $5 million or up to $3 million for nonmanufacturing. there's no limits on how many can be set aside. we're hoping this can bring billions of dollars to women of small businesses. >> we hope so. thanks so much for joining us. we apprecia
Search Results 0 to 4 of about 5